Richard Bernstein Advisors LLC Sells 6,879 Shares of Honeywell International Inc. $HON

Key Points

• Richard Bernstein Advisors cut its stake in Honeywell (NASDAQ:HON) by 54.2%, selling 6,879 shares and now holds 5,802 shares worth about $1.22 million.
• Insider selling was substantial: VP Robert D. Mailloux sold 10,549 shares (≈$2.42M) and Director D. Scott Davis sold 2,367 shares (≈$568k), with insiders disposing of 18,190 shares (~$4.24M) over the past three months.
• Operational and shareholder update: Honeywell beat quarterly estimates with $2.59 EPS on $10.07B revenue and announced a $1.19 quarterly dividend (annualized $4.76, ~2.0% yield).

Richard Bernstein Advisors LLC decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 54.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,802 shares of the conglomerate's stock after selling 6,879 shares during the quarter. Richard Bernstein Advisors LLC's holdings in Honeywell International were worth $1,221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Barnes Dennig Private Wealth Management LLC grew its holdings in Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate's stock worth $30,000 after purchasing an additional 118 shares during the period. Howard Hughes Medical Institute acquired a new position in shares of Honeywell International during the second quarter valued at about $33,000. Cedar Mountain Advisors LLC boosted its stake in Honeywell International by 116.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate's stock valued at $33,000 after purchasing an additional 84 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in Honeywell International by 833.3% during the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate's stock worth $35,000 after buying an additional 150 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new stake in shares of Honeywell International in the third quarter valued at about $35,000. 75.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Robert D. Mailloux sold 10,549 shares of the business's stock in a transaction on Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the sale, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. The trade was a 68.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares of the company's stock, valued at $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 18,190 shares of company stock valued at $4,244,287. 0.41% of the stock is owned by corporate insiders.

Honeywell International Stock Up 1.3%

HON opened at $240.61 on Wednesday. The firm has a 50 day moving average price of $227.36 and a 200-day moving average price of $211.97. The stock has a market capitalization of $152.95 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 3.44 and a beta of 0.92. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $248.18.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter last year, the firm posted $2.47 earnings per share. The firm's revenue was up 6.4% compared to the same quarter last year. Equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. Honeywell International's dividend payout ratio is 59.57%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HON shares. Rothschild & Co Redburn increased their price target on shares of Honeywell International from $222.00 to $235.00 and gave the company a "neutral" rating in a research report on Monday, February 2nd. Wall Street Zen raised Honeywell International to a "hold" rating in a report on Saturday, January 3rd. Mizuho decreased their price target on shares of Honeywell International from $250.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, January 5th. JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $255.00 to $260.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Finally, Royal Bank Of Canada lifted their price target on Honeywell International from $249.00 to $268.00 and gave the stock an "outperform" rating in a research note on Friday, January 30th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Honeywell International presently has an average rating of "Moderate Buy" and a consensus price target of $251.22.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate NASDAQ: HON that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell's aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

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